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AirAsia talks with cash-strapped HNA over asset purchases

03/21/2018| 9:50:25 AM|

The Hong Kong-based airlines are on a list of assets the company could sell.

AirAsia discussed possible acquisitions from debt-laden Chinese hospitality conglomerate HNA Group, the founder and CEO of one of the region's largest budget airlines said Tuesday.

Tony Fernandes said he met HNA co-founder and Chairman Wang Jian and spoke with him about a wide range of possible cooperation, adding that he "for sure" will consider acquiring businesses from HNA.

Asked if he is interested in buying Hong Kong Airlines and Hong Kong Express, which are owned by HNA, Fernandes said, "We are always interested in whatever opportunities go our way." But he said the discussions he has had so far with Wang have not been about airlines in Hong Kong specifically.

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TAGS: AirAsia | HNA Group
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